Walter M Milford Charitable Foundation
Walter M Milford Charitable Foundation is a private foundation, based in West Palm Beach, FL. IRS filing data is available from 2021 through 2025. As of 2025, the organization holds $419K in total assets. In 2025, it awarded 4 grants totaling $18K. Net investment income was $15K.
Key facts about Walter M Milford Charitable Foundation
In short: Walter M Milford Charitable Foundation gave $18K across 4 grants in 2025 (avg $4K), mostly in Maine. Source: 2025 IRS Form 990-PF.
- EIN
- 33-0939794
- Latest 990 filing
- Form 990-PF, 2025
- Annual giving (2025)
- $17,500
- Grants made (2025)
- 4
- Average grant
- $4,375
- Median grant
- $5,000
- Total assets
- $419,355
- Primary geography
- Maine (100% of itemized 2025 grant dollars)
Data from IRS Form 990-PF, 2025; updated September 2026.
Financial Overview
From 2025 IRS Form 990-PF · View filing
Total Assets
$419K
-1.2% YoY
Annual Giving
$18K
-30.0% YoY
Grant Count
4
-20.0% YoY
Avg Grant Size
$4K
-12.5% YoY
Under IRS private-foundation payout rules, Walter M Milford Charitable Foundation reported a distributable amount of $20K for 2025 — the minimum it must pay out in qualifying distributions.
How Walter M Milford Charitable Foundation gives
- Giving held roughly steady from 2022 to 2025 (−10%). Method
- In 2025 it paid out 86% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method
From the foundation's IRS Form 990-PF filings. Methodology.
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 4 itemized grants.
Cities
Giving Over Time
Total grant dollars and number of grants per year
From 2021 to 2025, annual grant giving ranged from $15K (2021) to $39K (2023). In 2025 it made 4 grants totaling $18K.
Grant Insights
How this funder distributes its grants
Top Recipients
Top 4 recipients in 2025
The largest 2025 recipient was Curtis Island Lighthouse Foundation ($5K). Together the top 4 received $18K.
Grant Size Distribution
23 grants across all recorded years
The most common grant size was under $50K: 23 grants of 23 (100%).
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Curtis Island Lighthouse Foundation Camden, ME | General Support | $5,000 |
| Homeworthy Rockland, ME | General Support | $5,000 |
| Farnsworth Art Museum Rockland, ME | General Support | $5,000 |
| Penobscot Bay YMCA Rockport, ME | General Support | $2,500 |
Financial History
Multi-year comparison from IRS filings
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | $419,355 | $424,499 | $440,205 |
| Revenue | $14,716 | $13,224 | $12,210 |
| Expenses | $19,860 | $28,930 | $40,691 |
| Qualifying Distributions | $17,500 | $25,000 | $40,691 |
| Net Investment Income | $14,716 | $13,224 | $10,519 |
| Distributable Amount | $20,448 | $10,873 | $21,534 |
Data update history
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2021 (received by the IRS August 13, 2021)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS August 23, 2022)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS August 23, 2023)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS April 15, 2025)
- Updated Form 990-PF for fiscal year 2025 (received by the IRS April 11, 2026)
- IRS filings on file for fiscal years 2021–2025
Leadership & Key People
Officers and directors from IRS filings
Walter M Milford Charitable Foundation is led by Karen Hai, President on every filing since 2021; none of the 3 officers listed in 2025 report compensation.
Officers on the 2025 filing
Karen Hai
President
On filings since 2021
3 hrs/week
No compensation reported
Tamra Fago
Director
On filings since 2021
3 hrs/week
No compensation reported
Justin Hai
Officer
On filings since 2022
3 hrs/week
No compensation reported
Former officers (1)
- Former: Gregory Lane (2021) — Officer
Data from IRS Form 990 filings, 2021–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about Walter M Milford Charitable Foundation
How much does Walter M Milford Charitable Foundation give each year?
Walter M Milford Charitable Foundation gave $18K across 4 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $25K across 5 grants.
What is Walter M Milford Charitable Foundation's typical grant size?
Walter M Milford Charitable Foundation's median grant in 2025 was $5,000, and its average grant was $4,375, across 4 grants on its 2025 IRS Form 990-PF.
Where does Walter M Milford Charitable Foundation give grants?
Walter M Milford Charitable Foundation gives mostly in Maine: 100% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Rockland, ME (2 grants).
Does Walter M Milford Charitable Foundation give general operating support?
Yes: 100% of Walter M Milford Charitable Foundation's 2025 grants with a stated purpose (4 of 4) were for general or operating support, per its 2025 IRS Form 990-PF.
How large is Walter M Milford Charitable Foundation?
Walter M Milford Charitable Foundation reported $419K in total assets on its 2025 IRS Form 990-PF. It paid out $18K in qualifying distributions that year, against a required minimum of $20K (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.
What is Walter M Milford Charitable Foundation's EIN?
Walter M Milford Charitable Foundation's EIN (Employer Identification Number) is 33-0939794. IRS Form 990 filing data is available on this page for 2021–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
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